We have been frequently asked by Employment Pass (“EP”) Holders if they are allowed to register a company in Singapore. The strong expatriate community and connections to their home markets often open up interesting business opportunities. The short answer is YES.
Can Work Permit holder do online business in Singapore?
Work Permit (WP)
WP holders are not allowed to carry on or manage any business in Singapore. As such, they are not allowed to be directors of any Singapore-registered company or sole-proprietors or partners of a business.
Can work pass holder do online business?
“Work pass holders (EP, S & WP) are not allowed to engage in any other business as long as they are on a work pass sponsored by another employer in Singapore.
Can foreigners do online business in Singapore?
Foreigners may incorporate a company online through the BizFile+ portal using their SingPass account. However, all companies must have at least 1 director who is ordinarily resident in Singapore.
Can I start my own business if I am on employment pass?
If I am holding a valid Employment Pass (EP), can I start my own business? Answer: In general, an Employment Pass (EP) holder may be accepted as a director .
Can EP holder invest in Singapore?
Yes, an Employment Pass holder is allowed to own shares in a Singapore-registered company.
How can a foreigner stay in Singapore?
All visitors to Singapore must:
- hold a passport or a travel document valid for more than 6 months at the time of departure,
- hold an onward or return ticket;
- have sufficient funds for the duration of stay in Singapore;
How long can EP holder stay outside Singapore?
Yes, you can work overseas as long as necessary, if it’s for your Singapore-based employer. The same requirements will still apply. If you want to leave Singapore for more than 6 months to work for an overseas employer, you should cancel your Personalised Employment pass ( PEP ).
Can EP holder work for another company?
In general, EP holders can only work for their employer as specified on their work pass. As such, when EP holders take up directorship appointments (be it executive or non-executive) in another company, they must discharge directorship duties under the Companies Act.
What is S Pass and E pass in Singapore?
Here, S pass stands for the Short-Term Employment Pass and E Pass refers to the Employment Pass. … Anyone who is high-skilled or semi-skilled individual and who were already under the work permit or whose employment pass has been rejected due to different reasons may also apply for this short-term pass.
Can I run a business without registering in Singapore?
Yes! You can sell products or services in Singapore without registering a company. … Registering a Singapore private limited company also limits your liability. If you are doing a business in Singapore without formally committing a company registration, it is entirely legal.
What business should I start in Singapore?
Top 16 In-Demand Business Ideas In Singapore For 2018
- Agriculture. …
- Biotechnology. …
- Freight and Courier Services. …
- Electronics. …
- Digital Marketing. …
- Aerospace and Aviation Industries. …
- Clean or Sustainable Energy. …
- Elderly Care Services.
Can foreigners open shop in Singapore?
Just like a local Singaporean, a foreigner can register a company and own its 100% shareholding without facing any difficulties. In fact, anyone over the age of 18 years can start a company in Singapore. Provided that he has not been convicted of any legal offence or bankruptcy.